Kaleyra Announces Warrant Exchange Agreement
October 02 2020 - 9:00AM
Business Wire
Kaleyra, Inc. (NYSE America: KLR) (KLR WS) (“Kaleyra” or the
“Company”), a rapidly growing cloud communications software
provider delivering a secure system of application programming
interfaces (APIs) and connectivity solutions in the
API/Communications Platform as a Service (CPaaS) market, today
announced that it has on September 30, 2020 signed a warrant
exchange agreement with Riverview Group LLC.
On October 2, 2020, pursuant to the agreement, the Company is
issuing an aggregate of 850,500 shares of Common Stock in exchange
for the surrender and cancellation of 3.78 million warrants (NYSE
American: KLR WS) previously issued by the Company as part of its
initial public offering in December 2017 (the “Public Warrants”).
The agreement reduced the total number of outstanding Public
Warrants by approximately 35%, to 7.0 million from 10.8
million.
“We are excited to execute this exchange agreement as we
continue to simplify the Company’s capital structure for our
stockholders,” said Dario Calogero, Kaleyra’s Founder and Chief
Executive Officer.
This press release shall not constitute an offer to sell, or a
solicitation of an offer to buy, the securities described herein.
The Public Warrants will expire on November 24, 2024, unless sooner
exercised or redeemed by the Company in accordance with the terms
of the Public Warrants.
About Kaleyra
Kaleyra, Inc. (NYSE American: KLR) (KLR WS), is a global group
providing mobile communication services for financial institutions
and enterprises of all sizes worldwide. Through its proprietary
platform, Kaleyra manages multi-channel integrated communication
services on a global scale, comprising of messages, push
notifications, e-mail, instant messaging, voice services and
chatbots. Kaleyra’s technology today makes it possible to safely
and securely manage billions of messages monthly with a reach to
hundreds of MNOs and over 190 countries. For more information:
https://www.kaleyra.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20201002005066/en/
Michael Bowen ICR, Inc. Michael.Bowen@icrinc.com 203-682-8299
Marc P. Griffin ICR, Inc. Marc.Griffin@icrinc.com 646-277-1290
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